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DROP - OPERS

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Corollary<br />

• If later retirement is not an objective, a partial<br />

lump sum option (PLOP) is an alternative to a<br />

<strong>DROP</strong>. (Currently available to members of<br />

<strong>OPERS</strong>.)<br />

•Why?<br />

– It is easy to understand and to administer.<br />

– It has fewer traps.<br />

– Benefits are preserved but have been restructured<br />

into a more desirable form.<br />

22

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